Over the past 12 months there’s been a steady decline in active homes for sale in El Segundo which is not a good trend for home buyers. Supply and demand is a strong market force and with so few active homes for sale in El Segundo, price increases are the norm. Compared with a year ago there are 70% fewer listings on the market which is pretty incredible.
The below chart shows current “active” homes for sale, pending and recent sold homes.
Housing inventory for November 2019 compared with the previous month and the previous November
Home trends and statistics showing past 15 months of homes for sale, pending sales, sold homes and prices.
| Date | 18-Sep | 18-Oct | 18-Nov | 18-Dec | 19-Jan | 19-Feb | 19-Mar | 19-Apr | 19-May | 19-Jun | 19-Jul | 19-Aug | 19-Sep | 19-Oct | 19-Nov |
| For Sale | 29 | 31 | 34 | 27 | 24 | 27 | 28 | 22 | 22 | 17 | 13 | 19 | 17 | 13 | 10 |
| New Listing | 13 | 13 | 14 | 6 | 14 | 26 | 18 | 11 | 16 | 12 | 8 | 15 | 10 | 10 | 6 |
| Sold | 9 | 8 | 5 | 9 | 8 | 7 | 15 | 10 | 25 | 14 | 13 | 8 | 6 | 8 | 17 |
| Pended | 6 | 7 | 9 | 10 | 10 | 19 | 16 | 18 | 12 | 15 | 11 | 11 | 10 | 12 | 12 |
| Months of Inventory (Closed Sales) |
3.2 | 3.9 | 6.8 | 3 | 3 | 3.9 | 1.9 | 2.2 | 0.9 | 1.2 | 1 | 2.4 | 2.8 | 1.6 | 0.6 |
| Months of Inventory (Pended Sales) |
4.8 | 4.4 | 3.8 | 2.7 | 2.4 | 1.4 | 1.8 | 1.2 | 1.8 | 1.1 | 1.2 | 1.7 | 1.7 | 1.1 | 0.8 |
| Avg. Active Price | 1416 | 1265 | 1254 | 1239 | 1188 | 1300 | 1336 | 1473 | 1427 | 1427 | 1520 | 1505 | 1391 | 1210 | 1326 |
| Avg. Sold Price | 1442 | 1418 | 1313 | 961 | 1174 | 975 | 1357 | 1137 | 1287 | 1162 | 1236 | 1592 | 1252 | 995 | 1426 |
| Avg. Sq. Ft. Price (Sold) | 672 | 663 | 623 | 622 | 618 | 653 | 662 | 627 | 602 | 674 | 677 | 689 | 705 | 560 | 682 |
| Sold/List Diff. % | 98 | 100 | 103 | 100 | 98 | 98 | 100 | 97 | 99 | 98 | 99 | 100 | 97 | 100 | 98 |
| Sold/Orig LP Diff. % | 96 | 98 | 100 | 96 | 97 | 95 | 98 | 95 | 96 | 97 | 97 | 99 | 93 | 100 | 94 |
| Avg Days on Market | 30 | 39 | 26 | 41 | 56 | 57 | 38 | 52 | 62 | 25 | 38 | 65 | 47 | 29 | 55 |
| Median Sold Price | 1415 | 1595 | 1150 | 860 | 1143 | 850 | 1320 | 1005 | 1147 | 1105 | 1180 | 1590 | 1279 | 848 | 1330 |